earlier this week some of the folks on this board that frequently express their doubts about EPGL mentioned that they couldn't see PwC just retiring $10M-$50M. I was curious to understand how they came up with that range. i put together a babysh!t spreadsheet to try to better understand how they came up with that number.
I used a market cap of $300M (then current) and what i thought were accurate numbers for share ownership. not so sure my share quantities are accurate, but i don't believe they are so far off as to make the example valueless.
here's what it said to me:
________________Today___________January_________Delta
PWC_____________2,250,000,000___1,000,000,000___-1,250,000,000
Hayes____________2,250,000,000___1,000,000,000___-1,250,000,000
Remainder_________ 499,000,000____ 499,000,000___ 0
Total_____________4,999,000,000___2,499,000,000___-2,500,000,000
Market Cap______$300,000,000____$300,000,000____$0
PwC ($$)________$135,027,005____$120,048,019____-$14,978,986
Hayes ($$)_______$135,027,005____$120,048,019____-$14,978,986
Remainder ($$)____ $29,945,989____ $59,903,962____$29,957,972
Total___________$300,000,000____$300,000,000____$0
PPS_____________ $0.0600____$0.1200
i have no clue if this is correct.
